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flag BlackRock is cutting 250 jobs, or 1%, to boost efficiency and focus on sustainable investing and tech services.

flag BlackRock is cutting about 1% of its workforce, roughly 250 jobs, as part of a restructuring aimed at improving efficiency amid shifting market conditions and rising competition. flag The firm said the move is not linked to performance but part of a strategic shift toward sustainable investing and technology-driven services. flag Affected employees will receive severance and career support. flag The changes won’t impact core operations or investment strategies.

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